STATE, FEDS DIFFER ON SCHOOL REGULATION
Colleges have found fertile ground to operate in Colorado because the state has not required much to open a campus or a storefront school.
That is evident in the numbers: 466 schools are authorized by state officials to operate here, yet the federal government allows only 112 of those schools to give out loan dollars and Pell grants.
Go MSC!!!
Thanks for the informative article.
Although the article is more than two years old (great job in all that research), it does bring up some very valid points!
STATE, FEDS DIFFER ON SCHOOL REGULATION - (as noted)
"In 2008, though, state laws were strengthened and state regulators gained a little more muscle to monitor the quality of for-profit schools. Before, state officials simply looked at the business plan, but now they investigate an applying institution's quality, faculty qualification and admissions practices"
It is great to see the state in a much more aggressive stance in approving the institutions!
Also, it is very impressive to see that the Medical Sales College has a higher placement rate of graduates than just the plain GRADUATION rate (not placement rate) of the schools in the article! I sure hope people blog against the unethical nature of these schools below!!
MSC - 71% Placement Rate (
http://www.medicalsalescollege.com/gainful-employment.html)
Versus -
Heritage College - 59% Graduation Rate
Platt College - 58% Graduation Rate
Everest College - 38% Graduation Rate
Colorado Tech University - 17% Graduation Rate
College America Denver - 42% Graduation Rate
Some of Colorado's for-profit colleges
Heritage College
Degrees offered: Certificates; associate's
Student population: 966
Tuition and fees (2008-09): $21,523
Students receiving financial aid: 92 percent
Graduation rate: 59 percent
Three-year student-loan default rate: 23 percent
Platt College
Degrees offered: Certificates; associate's and bachelor's
Student population: 199
Tuition and fees (2008-09): $24,150
Students receiving financial aid: 91 percent
Graduation rate: 58 percent
Three-year student-loan default rate: 14 percent
ITT Technical Institute Thornton
Degrees offered: Associate's and bachelor's
Student population: 1,389
Tuition and fees (2008-09): $16,356
Students receiving financial aid: 90 percent
Graduation rate: 46 percent
Three-year student-loan default rate: 27 percent
Everest College Aurora
Degrees offered: Certificates; associate's Tuition and fees (2008-09): $12,747
Students receiving financial aid: 86 percent
Graduation rate: 38 percent
Three-year student-loan default rate: 36 percent*
*The Aurora campus is part of a group of three Everest schools that have a combined three-year default rate of 36 percent.
Colorado Technical University Colorado Springs
Degrees offered: Associate's, bachelor's, master's and doctoral
Student population: 3,598
Tuition and fees (2008-09): $11,665
Students receiving financial aid: 77 percent
Graduation rate: 17 percent
Three-year student-loan default rate: 22 percent
CollegeAmerica Denver
Degrees offered: Associate's and bachelor's
Student population: 416*
Tuition and fees (2008-09): $19,208
Students receiving financial aid: 99 percent
Graduation rate: 42 percent
Three-year student-loan default rate: 32 percent.